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Administrative Aphaeresis MANAGEMENT PROCEDURES Implementation Date: 4/03 Revised 08/01/06 Definition California State Polytechnic University, Pomona (Cal Poly Pomona) has developed a risk management
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Risk management procedures are a set of processes and guidelines put in place by an organization to identify, assess, monitor, and mitigate potential risks that could impact the organization.
Certain organizations, depending on their industry and regulations, are required to file risk management procedures. This typically includes financial institutions, healthcare providers, and other entities that deal with sensitive data or resources.
Risk management procedures can be filled out by conducting a thorough risk assessment, identifying potential risks, implementing control measures, and regularly reviewing and updating the procedures as needed.
The purpose of risk management procedures is to proactively identify and address potential risks that could negatively impact an organization's operations, reputation, and financial stability.
Risk management procedures should include a detailed analysis of potential risks, control measures in place to mitigate those risks, responsibilities of individuals involved in risk management, and procedures for regular monitoring and reporting.
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